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BRIEF-WCM buys retail asset through issuance of a mandatory convertible
February 20, 2017 / 6:36 AM / 7 months ago

BRIEF-WCM buys retail asset through issuance of a mandatory convertible

Feb 20 (Reuters) - WCM Beteiligungs und Grundbesitz AG:

* Acquires retail asset through issuance of a mandatory convertible above NAV and current stock-market price

* Purchase price is financed amongst others, through a mandatory convertible with a conversion price of 2.90 euros ($3.08) per share

* Acquisition of a retail centre with rental space of around 12,300 square metres Source text for Eikon: Further company coverage: ($1 = 0.9429 euros) (Gdynia Newsroom)

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